Economic development executives had a message Monday for local officials involved in the push to redevelop the former Twin Cities Army Ammunition Plant site: Don’t be afraid to say “no” to lesser projects.

San Francisco-based City Center Realty Partners LLC appears to have a purchase agreement for the shuttered Macy’s department store in downtown St. Paul, according to a recently disclosed cache of city documents.

Developer Jim Stolpestad’s acquisition of the former 3M Co. headquarters in east St. Paul represents a homecoming of sorts for him. But whether the St. Paul developer can find a market for the property remains in question.